The economic team of President Ferdinand "Bongbong" Marcos Jr. on Wednesday held its first international briefing in Singapore during the President's two-day state visit to the country.

In his keynote speech at the first international Philippine Economic Briefing, Marcos described the Philippines as "Asia's fastest-rising star," as he invited foreign investors to take part in the country's "economic resurgence."

"In the next few years, our economy is expected to outperform our regional peers," Marcos said at the Shangri-La Hotel in Singapore.

"My administration is committed to establishing an even more competitive business climate, conducive to high-value investments. More investments translate to higher economic activity, more jobs, and a better life for all Filipinos," he added.

Speaking to the Singapore business community, the President said his eight-point socioeconomic agenda would "upgrade the country to upper-middle income status."

"We will exercise fiscal prudence in the fulfillment of that agenda. To this end, we are pursuing the country's first-ever medium-term fiscal framework which will widen our fiscal space to allow for continued investments in public infrastructure and human capital development," he said.